Appraisal Tek Reviews (9)
I had questions about the appraisal completed on my home, I called AppraisalTek and the woman who answered could not help me, but she did take my information and Robert called me back. Robert owns the company and took the time to go through my questions and explained the neighborhood I live in, and the Phoenix market. Really nice guy and actually took the time to call and explain things. Unbelievably great
Do not use this appraisal . They appraise my house so low I loss my credit on my refinance. Went to a different lender with new appraisal. My house was appraise $ 28,000 more than Appraisal Tek. I know my house value and my neighborhood. You can go online and see the value of your house. They are inexperience fly by night appraisal .
This company provides highly inaccurate appraisals and offers terrible customer service. Once you pay the fee, they send out an inferior quality appraiser & when you complain to the owner, he ignores it. I definitely would not recommend this company.
Stay away from this appraisal company! They are unprofessional and rude. The appraiser told me "we are going to teach this seller a lesson about pricing" and then issued the appraisal super low. They only used low comparables and wouldnt even look at any others the seller provided. Almost caused us to lose the house and now I have to pay more cash down to keep the house. I would request another company if you need a appraisal done.
Please beware of this company, they send out non education appraisers. If lender is going to use this 3rd party company find another lender, it will save you money and a headache at the end.
Just and FYI 99% of all lenders use a 3rd party company to hire an appraiser. This is due to laws enacted to supposedly protect the homeowner.
My home (that I own) was recently appraised by Camelot Appraisals. The first appraisal was under market value, but the second appraisal (it is still unclear as to why there was a second "field" appraisal) was another $10,000 under that. Not to mention, the second appraisal appeared four days before we were scheduled to close. The second appraiser did not come to the house and ignored higher comps for lower comps. There were two houses within about a mile of mine. One was also completely remodeled with a pool (looked very much like mine). The second was nice, but not completely remodeled and didn't have a pool. My house was valued significantly lower than the similar comp and less than the house that was not comparable. There are plenty of houses in the neighborhood that are not upgraded that are selling for a higher price per square foot than mine. I am pursuing a complaint and potential legal action, but I would strongly suggest that you avoid this company if at all possible. My sale may fall through because of this and it has caused a significant amount of extra work on the part of all parties.
The two reviews down below take issue with the specific appraisers that reviewed their properties. We are an appraisal firm that works with many AMC's and I think I can clear this up here. Appraisal Management Companies are the government mandated middle men between Lenders and Appraisers. They are not appraisers, they have no control over the valuation and their job is purely to make sure that appraisers follow all legal requirements and USPAP regulations of their job. AMC's clients are not the borrower, despite what the reviewer below stated. Their client is the Lender, and their vendors are the appraisers on their panel. They have no obligation to the borrower and are not responsible for the fees paid to appraisers, they simply are middlemen that facilitate the transaction between Lenders and Appraisers. Any issues with valuation or appraising methods used should be taken up directly with the appraisal firms in question.
Unfortunately, there is the problem. You are able to wipe your hands clean and show no accountability toward the lender, your client and their clients, the buyers. It was very apparent in my recent transaction with one of your appraisers. The Dodd Frank Act, had some really meaningful and useful parts to it. Unfortunately, it puts all the leverage in the hands of the appraisers and the ability to hold the appraisers accountable for their commitments is non-existent. I was clear in my review that the appraiser you hired was a part of the problem, but not being able to help hold these appraisers accountable to their committed deadlines is another problem.